Company Profile

International Seaways(INSW:NYSE)

International Seaways (NYSE:INSW)

Stock data as of

Last: 16.81
Change: 17.82(1618272000%)
Vol: 281200
Open: Tue April 13, 2021 12:00 AM
Low: 0
High: -1.01
Mkt: 536.4849

About International Seaways

International Seaways, Inc. engages in the transportation of crude oil and petroleum products. The company is headquartered in New York City, New York and currently employs 764 full-time employees. The company went IPO on 2016-11-16. The firm's oceangoing vessels engage in the transportation of crude oil and petroleum products in the International Flag trades. The firm's segments are International Crude Tankers and International Product Carriers. Its 42-vessel fleet includes 13 Very Large Crude Carrier (VLCCs), two Suezmaxes, six Aframaxes/ long range (LR)2s, 12 Panamaxes/LR1s and seven medium range (MR) tankers. Its International Crude Tankers segment is made up of a ULCC and a fleet of VLCCs, Aframaxes, and Panamaxes. Its International Product Carriers segment consists of a fleet of MRs, LR1s and an LR2 engaged in the transportation of crude and refined petroleum products. Through joint venture partnerships (the JVs), it has ownership interests in two floating storage and offloading service vessels.

Recent News

Ride The Recovery In Shipping (Video)

Tue, 13 Apr 2021 10:00:00 -0400 - In early January, I posted a report calling for 2021 to be "the year for shipping." Despite a phenomenal year of earnings and free cash flow, most shipping stocks struggled during 2020 due to incorrect market perceptions.

International Seaways (INSW) Surges 5.6%: Is This an Indication of Further Gains?

Thu, 01 Apr 2021 12:53:21 -0400 - International Seaways (INSW) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Another shipping stock bites the dust as big tanker fleets merge

Wed, 31 Mar 2021 18:34:22 -0400 - The same cast of characters has been in tanker circles for years. If their company goes bust, they pop up somewhere else.

SHAREHOLDER ALERT: WeissLaw LLP Investigates Diamond S Shipping Inc.

Wed, 31 Mar 2021 17:49:00 -0400 - NEW YORK, March 31, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Diamond S Shipping Inc. ("Diamond S") (NYSE: DSSI) in connection with the proposed acquisition of the Company by International Seaways, Inc. ("INSW" or the "Company") (NYSE: INSW). Under the terms of the merger agreement, Diamond S shareholders will receive 0.55375 shares of INSW common stock for each share of Diamond S common stock that they hold, representing implied per share merger consideration of $10.17 based upon INSW's March 30, 2021 closing price of $18.37.

International Seaways Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Merger of International Seaways, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – INSW

Wed, 31 Mar 2021 13:09:00 -0400 - NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of International Seaways, Inc. (NYSE: INSW) and Diamond S Shipping Inc. is fair to International Seaways shareholders. Upon completion of the merger, International Seaways shareholders are expected to own approximately 55.75% of the combined company. Halper Sadeh encourages International Seaways shareholders to click here to learn more about their legal rights and options or conta

International Seaways and Diamond S Shipping Announce Merger

Wed, 31 Mar 2021 06:00:00 -0400 - NEW YORK & GREENWICH, Conn.--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”) and Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”), two of the leading tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, announced today that their Boards of Directors have unanimously approved a definitive merger agreement pursuant to which INSW will merge with Diamond S in a stock-for-stock tr

International Seaways, Inc.'s (INSW) CEO Lois Zabrocky on Q4 2020 Results - Earnings Call Transcript

Fri, 12 Mar 2021 13:39:06 -0500 - International Seaways, Inc.'s (INSW) CEO Lois Zabrocky on Q4 2020 Results - Earnings Call Transcript

International Seaways (INSW) Reports Q4 Loss, Lags Revenue Estimates

Fri, 12 Mar 2021 08:44:18 -0500 - International Seaways (INSW) delivered earnings and revenue surprises of -126.09% and -13.39%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Recap: International Seaways Q4 Earnings

Fri, 12 Mar 2021 07:19:54 -0500 - Shares of International Seaways (NYSE:INSW) decreased 0.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 139.39% over the past year to ($0.52), which missed the estimate of ($0.19).

International Seaways Reports Fourth Quarter and Full Year 2020 Results

Fri, 12 Mar 2021 06:50:00 -0500 - NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today reported results for the fourth quarter and full year 2020. Highlights Net loss for the twelve months ended December 31, 2020 was $5.5 million, or $0.20 per diluted share. Net loss for 2020 reflects the impact of impairments and loss on sale o